US dependence on foreign oil growing - experts

[leftchick]

http://news.yahoo.com/s/nm/20050525/us_nm/energy_oil_imports_dc

NEW YORK (Reuters) - U.S. dependence on foreign crude will keep growing despite efforts to spur domestic production, as demand in the world's largest energy consumer outpaces output, industry and government experts said Tuesday.


The rising need for oil shipments to the nation's ports could even hit a level soon that foreign crude producers might have a hard time matching -- translating into likely declines in the nation's stockpiles.

"The longer-term trend points to increasing imports and increasing reliance on imports," said Doug MacIntyre, analyst for the U.S. Energy Information Administration, the statistical wing of the Department of Energy.

"Most people expect that over the next couple of weeks we might see crude inventories begin to fall, because to maintain 10.5 million (barrels per day of imports) or more would be a high level," he said.

[mhr]

1. Duh - Then Peak Oil Hits - We Have No Backup Plan

But with Bush in charge, why should that be a surprise.

[struggle4progress]

5. The Ownership Society has a backup plan, but it only works for them:

they'll live in gated communities, drive Hummers, and hire mercenaries to keep their dear little butts safe from the masses starving in the streets outside.

[SpiralHawk]

2. Bush and the Oil Republicans

are raking it in -- from offshore -- hand over fist.

[Pharaoh]

3. did they ever finish

topping off the strategic petroleum reserves? I don't think it's ever been full, but if the neo nuts want an Iran war I would think that would be the plan........

[drduffy]

4. Peak Oil....

yes. And the rich will have oil and we, the actual Americans, will have none. Oh, by the way, those that will profit from this, those that will, because of their wealth and position, benefit financially and/orretain use of oil.....then these traitors....well...

edited: left out part of sentence